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08/04/2011 Intraday Watering

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stucap
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Re: 08/04/2011 Intraday Watering

Post by stucap »

Cobra wrote:rebound as I said, let's see how far this rebound can go.
i looked away for a second and the market dropped 4 points? what was the news?
agnosia
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Re: 08/04/2011 Intraday Watering

Post by agnosia »

next major support on /es is 1188. the 38% fib retracement from the 1010 lows. this might be the ultimate bear target?
stucap
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Re: 08/04/2011 Intraday Watering

Post by stucap »

agnosia wrote:next major support on /es is 1188. the 38% fib retracement from the 1010 lows. this might be the ultimate bear target?
is it too early to start drinking?
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99er
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Re: 08/04/2011 Intraday Watering

Post by 99er »

Honey...what about lunch?
SPX http://99ercharts.blogspot.com/2011/08/spx_5802.html
Something Italian?

Chianti?
dr659
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Re: 08/04/2011 Intraday Watering

Post by dr659 »

[quote="99er"]Honey...what about lunch?
SPX http://99ercharts.blogspot.com/2011/08/spx_5802.html
Something Italian?

Chianti?[I was thinking more like Wild Turkey 101 :lol:
agnosia
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Re: 08/04/2011 Intraday Watering

Post by agnosia »

stucap wrote:
agnosia wrote:next major support on /es is 1188. the 38% fib retracement from the 1010 lows. this might be the ultimate bear target?
is it too early to start drinking?
it's never too early :) a tough call here guys, there are countries falling apart and this could be the unraveling of our markets ..or a great buying opp? good luck to you all, i am watching for now , i learned my lesson earlier this week.
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99er
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Re: 08/04/2011 Intraday Watering

Post by 99er »

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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

speechless, I guess this drop was due to I covered half of my day short at the target I mentioned, so the market wants me to feel terrible. :shock:
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newbie_77
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Re: 08/04/2011 Intraday Watering

Post by newbie_77 »

i guess there is nothing like how low can we go right? untill we reach "0" ... seems like its all down hill..... i acted too early taking off my shorts @123.00 and entered long :( already the red of the unrealized gain is creating havoc
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davros
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Re: 08/04/2011 Intraday Watering

Post by davros »

boy oh boy... oh boy..
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davros
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Re: 08/04/2011 Intraday Watering

Post by davros »

even lean hogs are coming down now...
newbie_77
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Re: 08/04/2011 Intraday Watering

Post by newbie_77 »

looks like yesterday was a pause before the next selling leg
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Me XMan
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Re: 08/04/2011 Intraday Watering

Post by Me XMan »

Margin calls going out? This market was way overleveraged at SPX 1300.
Cobra wrote:speechless, I guess this drop was due to I covered half of my day short at the target I mentioned, so the market wants me to feel terrible. :shock:
uempel
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Re: 08/04/2011 Intraday Watering

Post by uempel »

I'll be going long at SPX 1209 :o
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davros
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Re: 08/04/2011 Intraday Watering

Post by davros »

and gold and silver
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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

well, looks like no need to argue whether the H&S top is for real anymore, guess the 55% * text book target is almost reached today so it counts as a successful pattern.
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shumushu
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Re: 08/04/2011 Intraday Watering

Post by shumushu »

Longed 1215.25. Looks like a huge panic bottom in sight. $vix jumped sharply, AD line crushed. Stop below 5 minute bar.
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Mr. BachNut
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Re: 08/04/2011 Intraday Watering

Post by Mr. BachNut »

Mr. BachNut wrote:A few observations:

My bottom fishing long of Monday looks likely to stop out for loss if SPY goes to lower lows. :cry:
McClellan Oscillator, which I follow closely, has been stuck very oversold quite long. Usually, this low this long has started correcting by now. Behaving different.
Common VIX pattern is to spike up and drop back within a few days. Now holding up at sustained levels. This is more like late 2007, when levels stayed up and lows came with spikes up to 30+.
Yesterday ran a lot of stops. There is probably another slug below yesterdays lows with people tightening. So, another run possible.
Just plain treacherous out there.

Well, That was quick. VIX almost to 30, and the next load of stops got run.
Tabby
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Re: 08/04/2011 Intraday Watering

Post by Tabby »

Does anyone know when is the next Jackson Hole symposiumfor 2011 ( when they determine QE????)? I google search it and I can't find anything. Rumors Aug 9 but I really to see the site.
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Cobra
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Re: 08/04/2011 Intraday Watering

Post by Cobra »

volume surge, overshot, biggest bar, so it's an exhaustion bar. should be another rebound attempt. normally the rebound would fail though as the push down was way too strong.
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